2Q13 and 1H13 Earnings Presentation

Forward-Looking Statements

This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial

results, and those related to growth prospects of TPI – Triunfo Participações e Investimentos S.A. These are merely projections and, as

such, are based exclusively on the expectations of the Company’s management concerning the future of the business. Such forward-

looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the

international markets, and are, therefore, subject to changes without previous notice.

The consolidated financial information is presented in proportion to the participation of Triunfo in each subsidiary. The

operational numbers correspond to 100% of the business.

The information includes the performance of the subsidiaries Rio Verde and Rio Canoas.

Since January 1, 2013, with the compulsory application of IFRS 10 and 11, the Company ceased to proportionally consolidate its

subsidiaries controlled jointly (Concer, Maestra, Portonave and Aeroportos Brasil Viracopos) in the financial statements. Concer and

Maestra have since been consolidated 100% and the results of Portonave and Aeroportos Brasil Viracopos were recorded under the item

“equity income”. This change did not affect the consolidated net income of the Company, but altered a few items in the balance sheet,

income statement and the cash flow statement, as well as financial indicators such as EBITDA and EBITDA Margin.

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2Q13 and 1H13 Highlights

• Consolidated traffic volume increased 5.4% to reach 19.9 million vehicle equivalent units in 2Q13 and 4.3% in 1H13.

• Adjusted net revenue was R$236.5 million (+23.5%) in 2Q13 and R$496.7 million (+26.3%) in 1H13.

• Container handling at Portonave reached 181,300 TEUs in 2Q13, up 28.8% in the quarter and 18.8% in 1H13.

• Assured energy sold totaled 148.1 GWh in 2Q13 and 294.6 GWh in 1H13.

• Cabotage volume totaled 12,200 TEUs in 2Q13 and 21,400 TEUs in 1H13.

• Viracopos Airport handled 2.3 million passengers and 65,200 tons of cargo.

• Adjusted EBITDA totaled R$103.0 million (+16.0%) in the quarter, with margin of 43.6%. Adjusted EBITDA in 1H13 was R$252.2 million (+27.0%), with margin of 50.8%.

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191.4

236.5

2Q12 2Q13

393.4

496.7

1H12 1H13

23.5%

Adjusted Net Revenue

Breakdown Net Revenue 2Q13 - (%)

Excluding construction revenue

Adjusted Net Revenue - (R$ million)

Excluding construction revenue

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26.3%

48%

24%

11%

9%

8%

Toll Roads

Port

Energy

Cabotage

Airport

Toll Roads Segment

2Q13 and 1H13 Results

104.7

112.6

2Q12 2Q13

222.2

242.4

1H12 1H13

18.9

19.9

2Q12 2Q13

40.2

41.9

1H12 1H13

5.4% 7.6%

Toll Roads Segment – 2Q13 and 1H13

Traffic of Equivalent Vehicles - (million)

Corresponds to 100% of the business

Net Revenue (1) – (R$ million)

Corresponds to the Triunfo Stake in the business

(1) Excluding Construction Revenue.

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4.3% 9.1%

Port Segment

2Q13 and 1H13 Results

43.4

57.8

2Q12 2Q13

92.0

115.6

1H12 1H13

280.5

333.3

1H12 1H13

140.8

181.3

2Q12 2Q13

28.8%

33.2%

Port Segment – 2Q13 and 1H13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business Net Revenue - (R$ million)

Corresponds to the Triunfo Stake in the

business

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18.8%

25.6%

Energy Generation

2Q13 and 1H13 Results

52.7

62.6

1H12 1H13

27.425.3

2Q12 2Q13

296.2 294.6

1H12 1H13

148.1 148.1

2Q12 2Q13

-0.5%

-7.7%

Energy Generation – 2Q13 and 1H13

Assured Energy Sold - (‘000 Mwh)

Net Revenue - (R$ million)

18.9%

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Cabotage

2Q13 and 1H13 Results

10.0

12.2

2Q12 2Q13

16.2

21.4

1H12 1H13

21.7% 31.2%

Cabotage – 2Q13 and 1H13

Container Handling - TEUs (‘000)

Corresponds to 100% of the business.

Net Revenue - (R$ million)

Corresponds to the Triunfo Stake in the business.

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32.1%

42.1%

15.9

20.9

2Q12 2Q13

26.5

37.6

1H12 1H13

Airport Segment

2Q13 and 1H13 Results

24.3 19.5 46.1 35.3

40.6 44.1

79.2 83.2

1.8 1.6

4.0 3.6

2Q12 2Q13 1H12 1H13

Other

Import.

Exp.

1,326 1,304

2,608 2,628 16.0 9.0

40.0 21.0

802 959

1,629 1,892

2Q12 2Q13 1H12 1H13

Connection

International

Domestic

Passengers - (million)

Corresponds to 100% of the business. 6.2%

-2.3%

Cargo - (million)

Corresponds to 100% of the business.

Airport Segment – 2Q13 and 1H13

66.7

Net Revenue - (R$ million)

Excluding construction revenue

5.9%

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65.2

129.3 122.2

-5.6%

6.0%

2.144 2.272

4.277 4.541

18.7 19.8

38.5

2Q12 2Q13 1H13

24%

66%

10%

Passageiros

Carga

Comercial

2Q13 Breakdown Gross Revenue

Consolidated Performance

2Q13 and 1H13 Results

88.8

103.0

2Q12 2Q13

198.7

252.2

1H12 1H13

16.0%

Adjusted EBITDA

EBITDA per Segment (1) 2Q13 - (R$ million) Adjusted EBITDA (1) - (R$ million)

Adjusted EBITDA refers to earnings before interest, taxes, depreciation and amortization, adjusted for the Provision for Maintenance – IAS 37 (a non-cash item included in

Operating Costs), non-recurring expenses, minority interest and equity income. To calculate EBITDA margin, we used Adjusted Net Revenue (excluding construction revenue,

which is an accounting effect with no cash impact) as the denominator.

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74.8

26.6

18.2 6.6

-13.4

-4.1

103.0

Toll Road Port Energy Airport Cabotage Holding EBITDA 2Q13

27.0%

Financial Income

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(R$ million ) 2Q13 2Q12 D 1H13 1H12 D

Financial Income -65,0 -46,0 41,2% -132,8 -80,2 65,7%

·       Financial Revenue 4,9 9,0 -45,8% 8,2 11,6 -29,8%

·       Financial Expenses -68,4 -43,4 57,5% -140,1 -83,5 67,7%

·       Exchange Rate Variation -1,5 -11,6 -87,1% -0,9 -8,3 -88,9%

Net Debt

Leverage: Net Debt(1)/EBITDA of the segments with positive EBITDA

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(1) Net Debt in 06/30/13. (2) LTM Adjusted EBITDA

(R$ million)ENERGY TOLL ROAD PORT AIRPORT

PARENT

COMPANYCABOTAGE TOTAL

2013 11 129 23 - 17 58 2392014 49 49 24 - 4 34 1602015 52 71 34 - 77 29 2632016 44 102 32 10 293 24 5052017 49 28 22 10 274 24 406

After 2018 558 38 - 143 50 6 795

Gross Debt 763 417 135 163 716 174 2.368

Net Debt 741 392 118 50 604 172 2.078

9.7 x

1.1 x 1.2 x

4.3 x

Energy Toll Roads Port Airport

Capex

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Viracopos Construction

Filling of the Rio Canoas Reservoir

Viracopos Construction

2Q13 Capex

1H13 Capex 5.6%Concer

4.6%Concepa

3.8%Econorte

3.8%Portonave

1.1%Portonaus

0.1%Cabotagem

53.0%Rio Canoas

0.0%Rio Verde

25.8%Aeroportos Brasil

Viracopos

2.1%Holding

5.6%Concer

4.4%Concepa 4.2%

Econorte

6.1%Portonave

1.1%Portonaus

0.0%Cabotagem

43.0%Rio Canoas

0.1%Rio Verde

32.7%Aeroportos Brasil

Viracopos

2.8%Parent Company

IR Team

Sandro Lima – Investor Relations Officer and CFO

Marcos Pereira Luana Mota Melina Rodrigues Contact: ri@ triunfo.com

+55 11 2169 3999

Rua Olimpíadas, 205 - Conjunto 142/143

Vila Olímpia - São Paulo - CEP 04551-000

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